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Company Registration No. 07708278 (England and Wales)
Riverview Farm Eggs Limited Unaudited accounts for the year ended 31 July 2023
Riverview Farm Eggs Limited Unaudited accounts Contents
Page
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Riverview Farm Eggs Limited Company Information for the year ended 31 July 2023
Director
C Parsons
Company Number
07708278 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Riverview Farm Eggs Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,000 
Tangible assets
5,411 
7,569 
5,411 
9,569 
Current assets
Inventories
6,500 
- 
Debtors
15,003 
6,255 
Cash at bank and in hand
58,732 
54,486 
80,235 
60,741 
Creditors: amounts falling due within one year
(48,851)
(62,563)
Net current assets/(liabilities)
31,384 
(1,822)
Net assets
36,795 
7,747 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,695 
7,647 
Shareholders' funds
36,795 
7,747 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2024 and were signed on its behalf by
C Parsons Director Company Registration No. 07708278
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Riverview Farm Eggs Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Riverview Farm Eggs Limited is a private company, limited by shares, registered in England and Wales, registration number 07708278. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Riverview Farm Eggs Limited Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
10,000 
At 31 July 2023
10,000 
Amortisation
At 1 August 2022
8,000 
Charge for the year
2,000 
At 31 July 2023
10,000 
Net book value
At 31 July 2023
- 
At 31 July 2022
2,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,155 
35,401 
36,556 
Disposals
- 
(4,750)
(4,750)
At 31 July 2023
1,155 
30,651 
31,806 
Depreciation
At 1 August 2022
994 
27,993 
28,987 
Charge for the year
32 
1,852 
1,884 
On disposals
- 
(4,476)
(4,476)
At 31 July 2023
1,026 
25,369 
26,395 
Net book value
At 31 July 2023
129 
5,282 
5,411 
At 31 July 2022
161 
7,408 
7,569 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,286 
457 
Trade debtors
12,541 
5,000 
Other debtors
1,176 
798 
15,003 
6,255 
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Riverview Farm Eggs Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13,347 
28,139 
Taxes and social security
15,676 
6,831 
Loans from directors
18,552 
26,629 
Accruals
1,276 
964 
48,851 
62,563 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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